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Economic analysis. |
11LSO-0044.C2 |
FISCAL NOTE
This bill contains an appropriation of $312,000 from the GENERAL FUND to the Department of Administration & Information. This appropriation is effective immediately.
This bill contains an authorization of 1 Full-Time position. This position shall be reallocated from a vacant position in the Department of Administration & Information.
DETAIL OF APPROPRIATION
Agency #: 006 Agency Name: Dept. of Administration & Information
Unit: 4501 Economic Analysis Division
EXPENDITURE BY SERIES AND YEAR FY 2011 FY 2012 FY 2013
0100 Personnel/Benefit Costs $5,700 $68,000
0200 Supportive Services Costs $165,800 $53,500
0400 Central/Data Services Costs $9,500 $9,500
Total Expenditure Per Year: $181,000 $131,000
Grand Total Expenditure: $312,000
Total Appropriated to Agency: $312,000
Total Appropriated by Fund
GENERAL FUND : $312,000
Description of Appropriation:
The funds will be used to purchase a 23-region, 169-sector, economic model from REMI. This model will complement the existing REMI Policy Insight Model (single-region state). The cost to construct the 23-region model was quoted as of 11/08/10 at $187,500, and $53,500 for maintenance for FY 2012.
Currently, the Economic Analysis Division serves as the central depository of economic and demographic data relative to the operation of state government, and performs statistical/economic/demographic research, and economic analysis for state agencies. Expanding the scope of the Division to include these same duties and responsibilities for county governments will require, at a minimum, one additional employee, classified as an Economic Analyst (FIEC 09). The estimated 0100 personnel/benefit costs (salary at Grade L, General Pay Table, March 1, 2010, Market Policy Position) would be approximately $5,700 for FY 2011 (one month) and $68,000 for FY 2012. This analyst will assist other Division economists in the responsibilities of developing uniform criteria, collecting, analyzing, reporting and distributing economic data for all Wyoming counties related to public land issues as identified by tribal, state, and local governments, as well as other federal agencies, working as cooperating agencies in the preparation of environmental impact statements, as well as assist on other division projects as needed.
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Assumptions:
The Division selected the REMI Policy Insight Model as it is a
leading regional economic modeling tool used to generate realistic year by year
estimates of the total regional impacts of any policy changes. The REMI
methodology is widely used throughout the
It is assumed that additional staff will be on-board by June 1, 2011. Receipt of model is contingent on construction timeline – estimated to be available on or by July 1, 2011.
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NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED
This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations. The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:
Dept. of Administration & Information – Economic Analysis Division |
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Buck McVeigh, Econ. Analysis Division; 777-7504)
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